As the Government authorities are fighting crypto currencies day and night because they do not have full control of the operation. The only thing they can do is harm than good, which means crypto currencies have to be regulated so that they can be sparred by the wrath of the Government but that wont be possible unless they create their own regulated crypto assets.
This article is focusing more on the future of private crypto currencies the likes of Monero, Zcash, Dash, Verge and so many;
What are Private Cryptos?
Private crypto currencies are altcoins which are private in the sense that they can not be traced. This is a double edge sword as on the other hand it is good they can not be traced you will be safe from sniffers and cyber criminal as they can not tell your balance and the chances of you being victimized are slim. On the other hand the Government and its authorities can take this as a reason to ban them because they can not be audited as they are private.
There are higher chances that these altcoins can be used for cyber crimes e.g laundering, sponsoring terrorism and even buying illegal goods on the dark web, so we can say they do more damage to good if they fall in wrong hands, not to say they are not good coins.
These type of crypto currencies have a bleak future if the government keep on fighting the crypto currencies. There are higher chances that these will be the first altcoins they will ban, it will be no surprise if you hear that private altcoins are being de listed on the major exchanges because exchanges might do so to save themselves.
If you check Monero it is the most secure coin as it protects the address of the sender and the receiver, Their value and future price is now unpredictable since they will face a lot more prosecution from the authorities.
Out of the top 3 Private cryptos, Monero is the only coin which is trading above 50% of its all time high and the rest are trading closer to their all time low. This shows that there is less adoption on the privacy altcoins as this can be proved by the above screenshot which shows a distorted movement in the total capitalization of privacy coins.
